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Dubai contractor Arabtec says workers end strike

DUBAI (Reuters) - Dubai contractor Arabtec <ARTC.DU> said on Wednesday a four-day strike by foreign workers seeking higher pay was over and the emirate's police chief said 200 of them would be repatriated. The company, in which Abu Dhabi state-owned fund Aabar owns a near 22-percent stake, did not say whether workers' demands for a wage hike of about $50 per month had been met. Thousands of workers stayed away from work from Saturday in a rare labor protest in Dubai where trade unions are banned.

Mostly Asian expat workers end rare UAE strike

Thousands of mainly Asian expatriate workers in the United Arab Emirates have ended a strike they began at the weekend in a rare stoppage aimed at improving their conditions, their employer said Wednesday. "Arabtec confirms that all workers returned to work with no impact on any of its projects," the Dubai-based company, which is constructing the Louvre Abu Dhabi, said in a statement.

UAE court verdict on mass trial of Islamists on July 2

An Abu Dhabi court will announce on July 2 its verdict in the trial of dozens of Emirati Islamists accused of plotting to seize power in the Gulf country, state news agency WAM reported Tuesday. A total of 94 dissidents, eight of whom are tried in absentia, are on trial on charges of forming an organisation with an aim to seize power. The defendants, which include 13 women, are said to be linked to Al-Islah group which has links with the Muslim Brotherhood.

Emirates says annual profit jumps 52% to $622 mn

Dubai's Emirates Airline said on Thursday it posted $622 million in annual net profits in 2012-2013, a 52 percent boost on the previous year, as passenger numbers exceeded 39 million. The carrier's profit was "at AED 2.3 billion ($622 million), representing an increase of 52 per cent over last year's results," Emirates said in a statement. ak/srm

RugbyU: Japan rout UAE 93-3 in Asia Five Nations

Japan continued their brilliant run in the Asia Five Nations with a 15-try, 93-3 rout of hosts UAE on Friday. Japan, who have already clinched a sixth straight Asian title, were held to just seven points in the first 20 minutes, but the spirited defence of UAE gave away after that as the visitors ran in 15 tries. UAE's only points on the board came after 50 minutes of play when James Ham kicked a 35-yard penalty. Japan led 41-0 at the break, with Yuta Imamura grabbing a first half hat-trick of tries.

Dubai Group creditors to own equity stake post-$10 billion deal

DUBAI (Reuters) - Dubai Group will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, the chief executive of parent Dubai Holding said in an interview on Thursday. Dubai Group, a unit of Dubai Holding, the investment arm of the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum, expects to sign an agreement with its creditors on the debt restructuring in six weeks, Ahmad Bin Byat said.

Dubai aims to triple tourism income by 2020

By Matt Smith DUBAI (Reuters) - Dubai aims to triple its annual income from tourism to 300 billion dirhams ($82 billion) by 2020, which would involve doubling the number of its hotel rooms, a senior official said. Tourism is crucial to Dubai's economy, which had a gross domestic product of around $90 billion last year; it supports the emirate's large retail industry as well as its hospitality sector.

Japan signs nuclear cooperation deal with UAE

Japan and the United Arab Emirates signed on Thursday a nuclear cooperation agreement during a visit by Prime Minister Shinzo Abe who stressed Tokyo's cooperation with its Middle East partners. Abe is on a regional tour he began in Saudi Arabia, in a push to sell Japanese nuclear technologies. The cooperation agreement over a peaceful use of nuclear energy was signed in Dubai, in the presence of Abe and UAE Prime Minister Sheikh Mohammed bin Rashif al-Maktoum, WAM state news agency said.

Japan, UAE sign nuclear agreement during Abe visit

Japan and the United Arab Emirates inked a nuclear agreement Thursday as Japanese Prime Minister Shinzo Abe, who is visiting the country, pushes to sell Japanese nuclear technology overseas. It is the first bilateral nuclear agreement signed by Japan since the nuclear crisis at the Fukushima Daiichi power plant triggered by the devastating March 2011 earthquake and tsunami.

Japan to sign nuclear treaty with UAE

Japanese Prime Minister Shinzo Abe said his country will sign a nuclear treaty with the UAE on Thursday as he stressed Tokyo's cooperation with its Middle East partners. Abe, making his second visit to the Gulf country as prime minister, arrived late on Wednesday in the United Arab Emirates, Japan's eighth largest world economic partner, to take part in a Japan-UAE Business Forum. At the forum, he said his country will sign a nuclear treaty with the UAE, without elaborating.
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